Stocks To Watch: Eicher Motors, HCL Tech, Pfizer, Gujarat State Petronet, PNB, Lupin

Indian shares will open for only an hour-long session (from 6:15 pm to 7:15 pm) on Thursday, when traders and investors make ceremonial purchases marking the Diwali festival.

The S&P BSE Sensex closed 0.4% lower at 59,771.92 on Wednesday, while the NSE Nifty 50 Index fell 0.3%. The benchmark index was volatile, swinging between a loss of as much as 0.8% and gains of 0.6% during the day.

Markets are closed Thursday and Friday -- with the exception of a one-hour ceremonial trading session today evening -- to mark Diwali, the Hindu festival of lights.

“September-quarter corporate earnings continue to help up and support the market, despite supply chain disruptions, higher commodity prices and talk of policy tapering,” Binod Modi, head of strategy at Reliance Securities, wrote in a note. He expects festive season demand and the scale of recovery in rural areas to guide markets in the near term, along with local developments in the Covid pandemic.

Here are the stocks to watch in trade today:

• Lupin: The company has launched authorised generic version of Antara (Fenoflbrate) Capsules in the U.S.

• Punjab National Bank: The bank has cut the Repo Linked Lending Rate to 6.50% from 6.55%. The new RLLR will come into effect from November 8.

• HCL Technologies: The company has launched its Amazon Web Services Business Unit to help enterprises worldwide accelerate their cloud transformation journey.

• Precision Camshafts: The company has entered into a MoU with Solapur Municipal Corporation to develop 100% retrofitted electric vehicles for waste collection.

• PDS Multinational Fashions: Smart Notch Industrial, a subsidiary of the company, has entered into Series Seed Preferred Stock purchase agreement with Bigthinx, Inc., a Delaware corporation. The subsidiary will acquire 5% stake for $250,000.

• Earning: Muthoot Finance

Earnings Post Market Hours

Eicher Motors Q2FY22 (Consolidated, QoQ)

• Revenue up 14% at Rs 2,249.56 crore Vs Rs 1,974 crore (BBG estimate: Rs 1,974 crore)

• Profit up 57% at Rs 373 crore Vs Rs 237 crore (BBG estimate: Rs 306 crore)

• Ebitda up 30% at Rs 469.87 crore Vs Rs 362.67 crore (BBG estimate: Rs 359 crore)

• Margins at 20.9% Vs 18.4% (BBG estimate: 18.2%)

Pfizer Q2FY22 (YoY)

• Revenue up 7% at Rs 636.26 crore Vs Rs 595.41 crore

• Net profit up 9% at Rs 142.95 crore Vs Rs 131.37 crore

• Ebitda down 7% at Rs 189.37 crore Vs Rs 203.32 crore

• Margins at 29.8% Vs 34.1%

Bata India Q2FY22 (Consolidated, YoY)

• Revenue up 67% at Rs 614.12 crore Vs Rs 367.87 crore

• Net profit of Rs 37.18 crore Vs Net loss of Rs 44.31

• Ebitda up 5.57 times at Rs 119.22 crore Vs Rs 18.14 crore

• Margins at 19.4% Vs 4.9%

Gujarat State Petronet Q2FY22 (Consolidated, YoY)

• Net sales up 37% at Rs 4,085.13 crore Vs Rs 2,980.43 crore

• Net profit down 20% at Rs 398.39 crore Vs Rs 498.57 crore

• Ebitda down 28% at Rs 805.15 crore Vs Rs 1,117.99 crore

• Margins at 19.7% Vs 37.5%

Gujarat Alkalies & Chemicals Q2FY22 (Consolidated, YoY)

• Revenue up 29% at Rs 825.76 crore Vs Rs 638.25 crore

• Net profit up 13% at Rs 74.57 crore Vs Rs 66.05 crore

• Ebitda up 36% at Rs 142.44 crore Vs Rs 104.61 crore

• Margins at 17.2% Vs 16.4%

Offerings

• One97 Communication Ltd., which operates Paytm, will sell 3.83 crore shares to anchor investors for its IPO at Rs 2,150 each, raising a total Rs 8,235 crore ($1.1 billion).

• The initial public offering of PB Fintech Ltd., the parent of policybazaar.com and paisabazaar.com, was subscribed 16.59 times on day 3.

• SJS Enterprises Ltd.’s IPO failed to garner strong investor interest, with the issue subscribed only 1.59 times. It is now the second-least subscribed issue of the year, only ahead of Macrotech Developers.

Pledge Share Details

• Chambal Fertilisers & Chemicals: Promoter Zuari Global created a pledge of 5.70 lakh shares on October 29.

• Jindal Steel & Power: Promoter Opelina Sustainable Services created a pledge of 10.77 lakh shares on October 29. Promoter OPJ Trading revoked pledge of 10.79 lakh shares on November 1.

• Kalpataru Power Transmission: Promoter Kalpataru Constructions revoked pledge of 7.90 lakh shares on November 1. Promoter KC Holdings created a pledge of 7.90 lakh between October 29 and November 2.

• Sun Pharmaceutical Industries: Promoter Shanghvi Finance created a pledge of 54 lakh shares on November 2.

  As reported on November 3.

Bulk Deals

• Minda Corporation: WHV-EAM International Small Cap Equity Fund bought 15.48 lakh shares (0.65%) at Rs 174.6 per share.

• Nazara Technologies: WHV-EAM International Small Cap Equity Fund sold 1.61 lakh shares (0.53%) at Rs 2,301.51 per share.

Insider Trades

• Adani Green Energy: Promoter Infinite Trade and Investments bought 15.50 lakh shares between November 1-2.

• Asahi India Glass: Promoter Bharat Kapur sold 8,551 shares on November 1.

Trading Tweaks

• Price Band Revised From 5% To 10%: HFCL, Gulshan Polyols, Newgen Software Technologies, Sharda Motor Industries

• Record Date Interim Dividend: ANG Lifesciences India, Shree Digvijay Cement

• Move Out Of Short-Term ASM Framework: Ami Organics, Shoppers Stop, Shriram EPC, Share India Securities

• Move Into ASM Framework: HLE Glascoat, Puravankara

• Move Out Of ASM Framework: Supreme Petrochem, Greenpanel Industries, Tanla Platforms, Poonawalla Fincorp